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Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (10283)	4/6/2005 2:09:14 AM
From: koan	Read Replies (2) \| Respond to of 18308

I have no idea what you are talking about spotted cat-lol. But oil and gold used to be identical charts. Because high oil prices portend inflation, so that could happen again. Now here is the equation: 2005 will be the top year for oil production. 80, million barrels a day. 2006 we start down the path to less supply. On the other hand demand increases exponentially because of China and India building industry and cars. So every month oil goes up and up until it hits some equilibrium supply.demand equation involving oil shale, I will bet, using heavy oil and oil sands first. Then coal! So if there is a 90% correlation with gold and oil historically then we have a good gamble that will happen again.

To: Cogito Ergo Sum who wrote (10283)	4/6/2005 8:39:38 AM
From: TrueScouse	Read Replies (2) \| Respond to of 18308

Dappled Feline... <so far is gold has been a one trick pony basically... a USD event... > Sorry -- don't agree. Gold has been in an uptrend in the major currencies since late-1999. It's been in a consolidation phase for the last couple of years, but the uptrend is still intact. In fact it's very close to a new multi-year high against the Yen. Check out its charts in Yen, Euros and SF below: stockcharts.com[w,a]whlayyay[pb14!b52][vc60][iut!ll14!lah12,26,9!la12,26,9!lb14] stockcharts.com[w,a]whlayyay[pb14!b52][vc60][iut!ll14!lah12,26,9!la12,26,9!lb14] stockcharts.com[w,a]whlayyay[pb14!b52][vc60][iut!ll14!lah12,26,9!la12,26,9!lb14] And what about gold measured against that other great store of value -- the top 500 US corporations? The S&P/Gold chart is below. stockcharts.com[w,a]whlayyay[pb14!b52][vc60][iut!ll14!lah12,26,9!la12,26,9!lb14] I agree that oil has far-outperformed gold, but our "bubble" will come! Meanwhile, I'm happy with the steady uptrend of an early-stage bull market. Best regards, Howy